Solana News
What is Solana (SOL)?
Solana is a blockchain platform known for its speed and efficiency. Solana aims to provide a high-performance, low-latency platform for decentralized applications (dApps).
The project began in 2017 with the goal of creating a blockchain that can handle over 10,000 transactions per second. Solana has grown to become one of the largest cryptocurrencies in the world.
How does Solana SOL work?
The Solana project is intended to be the first of a new kind of blockchain. It was inspired by Bitcoin, Ethereum, and other blockchains, but it has been designed to be very different from them. The purpose of the project is not only to create a new cryptocurrency; its creators have also built an entirely new kind of blockchain.
What makes Solana unique?
Solana is a new blockchain protocol that uses proof of history, and a unique algorithm to validate transactions. Most blockchains use either a proof-of-work or proof-of-stake consensus mechanism, with proof-of-stake being the more efficient option. Solana uses a hybrid protocol that combines proof-of-stake with proof-of-history for even faster processing
One of the most exciting developments with Solana has been Solana Pay, a free-to-use payments framework. It allows merchants to accept payments directly from customers through the Solana network. Payments are made in stablecoins such as USD Coin which are designed to maintain a stable price.
Is Solana better than Ethereum?
While both Ethereum and Solana were created as open-source platforms that allow users to build and design their own applications, Solana boasts some benefits over Ethereum, including its ability to process transactions nearly instantly, at a fraction of the cost.
Is Solana a good investment?
Solana is a high-speed, low-cost, and secure blockchain that supports decentralized apps (dApps). The Solana blockchain is highly efficient and very stable, and it offers low transaction fees for users. These factors combine to give the coin potential as a good long-term investment as far as cryptocurrency goes. SOL is currently trading closer to its lows, potentially making it a good deal.
We kindly remind you that before investing in any cryptocurrency, it is essential to do your own research (DYOR).
The first yield aggregation platform built on Solana with auto-compounding vault strategies, Tulip Protocol, announced its partnership with Orca.
This partnership of Tulip Protocol with the...
In collaboration with Lido, Kamino Finance is pleased to announce a significant accomplishment in enhancing Solana’s capital efficiency and network security.
The most recent...
Play-to-Earn IDO GameFi Platform + Launchpad and Incubator, Soladefy has announced its partnership with Animoca Brands’ BlockchainCenter.
Soladefy will benefit from its partnership...
Notifi, a message infrastructure allowing Web3 dApps to communicate with their consumers, has created new alerts on Bonfida that provide blockchain solutions.
Notifi and Bonfida...
Solana’s ultimate liquidity destination, Kamino Finance, announced its partnership with Solend, the autonomous interest rate machine for lending on Solana.
Kamino Finance partnership...
Chapter One, the first check crypto fund focused on the web3 economy, has invested in Helius, making Solana development easier, quicker, and less expensive.
Chapter One has invested in...
A messaging infrastructure for dApps to engage with their users in Web3, Notifi Network, introduces Enterprise-level tools to web3.
Notifi introduces enterprise-level tools to web3. Their...
Skiff, a fully end-to-end encrypted and decentralized collaboration platform, has joined the Bonfida Solana Name Service family!
To serve as a decentralized email address, Skiff has joined...
Ratio Finance, a technique for Collateralized Debt Positions on Solana that focuses on risk assessment and mitigation introduces Liquidations.
Ratio Finance introduces liquidations to...
Get Set Play, a groundbreaking, DAO-governed esports gaming and streaming platform that leverages blockchain technology, announced its partnership with Dragon War.
Get Set Play has formed...
Multi-Chain continuous settlement protocol, Zebec, has announced its Insta-Swap integration with Ratio Finance.
Zebec announced the integration of the Insta-Swap feature, an exclusive...
Tatum, the fastest way to develop blockchain apps, has completed a $41.5M funding round to accelerate the growth of its unique blockchain development platform, speeding time to market for...
Jupiter Aggregator, the best swap aggregator, and infrastructure for Solana announced a partnership with Snowflake, a multisig wallet and on-chain automation provider for Solana.
Snowflake...
Aver, a fully decentralized, peer-to-peer, orderbook-based prediction exchange on Solana blockhain, has launched its Software Development Kits.
Aver launched its Software Development Kits,...
The first decentralized play-to-earn launchpad and ecosystem, built on Solana, Soladefy, forms a strategic alliance with Caduceus.
SolaDefy forms a strategic alliance with the first...
Rage Effect, the First AAA-graphics Play-and-Earn FPS game on Solana, announced its new partnership with Elixir, a play-to-earn blockchain gaming sector pioneer.
Rage Effect partnership with...
Fractal, a marketplace for in-game assets and virtual worlds on Solana, introduces Mint on Demand functionality.
Fractal introduces “mint on demand” functionality, launching as part of...
SupraOracles, bridging real-world data to automate, simplify, and secure the smart contracts of financial markets, announced a partnership with Solaunch, a platform for DeFi, art, and...